Senate News Release
A news release today from the New Hampshire Senate newsroom indicated that the New Hampshire senators are working towards legislation which, if passed, provides that New Hampshire businesses that received… [Read More]
Legal
New Hampshire Taxation of COVID-19 Relief Funds
Caitlin Ernst / 0 Comments / Legal /
The New Hampshire Department of Revenue has today issued a Technical Information Release (TIR 2021-001) relative to the New Hampshire Taxation of Federal and State Covid-19 Financial Relief Funds. The… [Read More]
Second Round of Paycheck Protection Loans
Caitlin Ernst / 0 Comments / Legal /
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations… [Read More]
CARES Act – Tax Provisions for Individuals
Caitlin Ernst / 0 Comments / Legal /
As the calendar year is coming to an end and taxpayers are considering charitable giving, we wanted to send out a quick reminder that the Coronavirus Aid, Relief, and Economic… [Read More]
Paycheck Protection Loans Timing of Deductibility of Expenses
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
On November 18, 2020 the U.S. Treasury Department and Internal Revenue Service (IRS) released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 clarifying the tax treatment of expenses where a Paycheck… [Read More]
IRS Launches New Form Replacing 1099-MISC for Contractors in 2020
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
For many years, businesses have used Form 1099-MISC to report calendar-year payments of $600 and above to individuals who performed services in their trade or business. These include vendors, independent… [Read More]
Main Street Relief Fund 2.0
Caitlin Ernst / 0 Comments / Legal /
Governor Chris Sununu has authorized the allocation and expenditure of $100 million from the CARES Act Coronavirus Relief Fund (“flex funds”) for Main Street Relief Funds 2.0 (MSRF). MSRF 2.0… [Read More]
New Granite Tax Connect Online Portal Being Launched in October
Caitlin Ernst / 0 Comments / Legal, Tax Filings /
The New Hampshire Department of Revenue is releasing a new online portal for business tax, Interest and Dividends tax, and Communications Service tax in October 2020. Taxpayers in this group,… [Read More]
CARES Act – REVISED FORGIVENESS APPLICATION
Caitlin Ernst / 0 Comments / Legal /
On June 17, the U.S. Small Business Administration (SBA), in consultation with the Treasury Department, released a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also… [Read More]
CARES Act – AMENDING LEGISLATION JUNE 3, 2020
Caitlin Ernst / 0 Comments / Legal /
On Wednesday June 3, 2020, the U.S. Senate passed the House version of legislation amending the Paycheck Protection Program (PPP). The “Paycheck Protection Flexibility Act” (the “Bill”) will go to… [Read More]